Summer Analyst Program - Capital Markets

Role Type

Internship/Co-op

Summer/Term 3

New York, New York, United States of America

40

$30.00 - $45.00 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience  compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

2027 Summer Analyst Program - Capital Markets (New York)

TD Securities is a market leader in capital markets advisory and underwriting. Our Capital Markets business is comprised of Debt Capital Markets (DCM), Equity Capital Markets (ECM) and Leveraged Finance (Lev Fin). We advise clients on a broad range of strategic and tactical goals, including capital structure optimization, equity + debt market positioning and issuance, and investor communication strategies. Our client-first, solutions-oriented, and product agnostic approach drives high quality transaction outcomes and long-lasting relationships.

• DCM products include bonds, hybrid capital, project finance, liability management, foreign exchange, and rates solutions.
• ECM products include IPOs, follow-on offerings, private placements, convertible debt, and equity derivatives.
• Lev Fin products include leveraged loans, high yield bonds, acquisition and growth financing, and private credit solutions.

The Capital Markets Summer Analyst Program offers a broad and exciting experience working within the Global Capital Markets Business while also interacting with other groups throughout the firm. Following the selection process, successful candidates will be placed with one of the three Capital Markets teams listed above. As a summer analyst, you will:

• Participate in an immersive orientation and rigorous technical training program that is focused on building a strong foundation in financial analysis, accounting, and valuation skills.
• Create pitch books, market updates, pricing updates, and other client materials.
• Assist in live deals including origination, structuring, and syndication of debt and equity offerings.
• Monitor the global markets to identify trends and develop insights used in client communications.
• Develop relationships with Capital Markets professionals and more broadly across TD Securities.

What makes Capital Markets right for you?

• Capital markets is a hybrid job that intersects the transaction-oriented nature of banking and the markets-facing aspects of sales and trading.
• Our flat organization and highlyial structure has analysts sitting on trading-style desks adjacent senior bankers to foster learning, client interaction, and relationship building.
• Lean deals teams allow each member to do real work and gain meaningful client exposure—all the way from origination through execution.
• TD Securities Capital Markets provides a strong and immersive mentorship program that will deliver all the tools necessary for you to succeed as a full-time analyst.

• Pursuing a bachelor’s degree with an anticipated graduation date between December 2027 and June 2028.
• Authorized to work in the United States without the need for employer sponsorship. For individuals whose work authorization is or will be based on F-1 optional practical training, your degree or anticipated degree must be in a qualifying STEM program, as reflected on your Form I-20. This role is not suitable for individuals who are ineligible for a STEM OPT extension.
• Results driven, proven academic excellence, and strong interpersonal skills.
• High ethical and professional standards.
• Strong financial/analytical skills, knowledge of MS Excel preferred.
• Proactive and highly motivated.
• Able to work effectively in a team environment and independently.
• Demonstrated leadership (e.g., sports, clubs, extracurricular activities, and philanthropy).

February 1, 2026.

Interviews will occur on a rolling basis from January through April – it is encouraged that candidates apply well ahead of the deadline.

• Build an understanding of the businesses and customers the role supports.
• Answer and direct incoming calls internally and externally.
• Provide support for Manager and other areas, as indicated.
• Assist in completing various departmental projects/reports.
• Assist in the preparation of specific schedules related to the monthly/quarterly/yearly reports or projects.
• Analyze specific accounts.
• Assist in the preparation of specific federal and state returns.
• Assist with projects.
• Assist in audit requests.
• Assist with…